https://www.taxtmi.com/caselaws?id=350125 The appellate tribunal ruled in favor of the appellant, setting aside the impugned order and allowing the appeal. The dispute centered on the correct reversal of cenvat credit for exempted goods and the applicability of interest rates. The tribunal held that the appellant had complied with regulatory requirements by timely reversing credit and paying interest, thus dismissing the demand for higher interest charges. The imposition of penalties under Rule 15(2) of Cenvat Credit Rules 2004 was also deemed unwarranted. en-us Thu, 27 Jul 2017 00:00:00 +0530 Wed, 01 Nov 2017 10:50:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350125 The appellate tribunal ruled in favor of the appellant, setting aside the impugned order and allowing the appeal. The dispute centered on the correct reversal of cenvat credit for exempted goods and the applicability of interest rates. The tribunal held that the appellant had complied with regulatory requirements by timely reversing credit and paying interest, thus dismissing the demand for higher interest charges. The imposition of penalties under Rule 15(2) of Cenvat Credit Rules 2004 was also deemed unwarranted. Case-Laws Central Excise Thu, 27 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350125